What would be the balance in the land account, Accounting Basics

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What would be the balance in the land account

On July 1, 2013, Larkin Co. purchased a $430,000 tract of land that is intended to be the site of a new office complex. Larkin incurred additional costs and realized salvage proceeds during 2013 as follows

Demolition of existing building on site	$72,000
Legal and other fees to close escrow	12,600
Proceeds from sale of demolition scrap	9,600

What would be the balance in the land account as of December 31, 2013?

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Accounting Basics: What would be the balance in the land account

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Accounting Basics: What would be the balance in the land account

Reference No:- TGS0702024

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Recent Questions Asked Accounting Basics

Q : What is the wavelength of the x rays in nanometers

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Accounting Basics: What would be the balance in the land account

Reference No:- TGS0702024

Recent Questions Asked Accounting Basics

Q : What is the wavelength of the x rays in nanometers

Q : Find delta h for from the reaction enthalpies

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Q : What would be the balance in the land account

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